Monolithic Power Systems, Inc. (NASDAQ:MPWR) Receives Average Rating of “Moderate Buy” from Analysts

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has received an average rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $828.67.

Several research firms recently commented on MPWR. Needham & Company LLC dropped their price target on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Truist Financial restated a “buy” rating and issued a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Oppenheimer reiterated an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a research report on Monday, November 11th. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Loop Capital upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price on the stock in a research report on Monday, November 18th.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction on Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the transaction, the executive vice president now owns 103,829 shares in the company, valued at $96,518,400.11. The trade was a 9.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the completion of the transaction, the chief financial officer now owns 59,178 shares in the company, valued at $53,754,928.08. The trade was a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,100 shares of company stock worth $17,153,021. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MPWR. Family Firm Inc. acquired a new stake in shares of Monolithic Power Systems during the 2nd quarter worth about $25,000. NBC Securities Inc. increased its position in shares of Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 26 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in shares of Monolithic Power Systems by 3,400.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 34 shares during the period. Crewe Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 126.3% in the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares during the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $598.07 on Friday. Monolithic Power Systems has a fifty-two week low of $546.71 and a fifty-two week high of $959.64. The firm has a market capitalization of $29.17 billion, a P/E ratio of 67.43, a PEG ratio of 2.97 and a beta of 1.05. The stock has a 50-day simple moving average of $718.63 and a two-hundred day simple moving average of $806.08.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The company had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. As a group, analysts forecast that Monolithic Power Systems will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $5.00 annualized dividend and a yield of 0.84%. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.